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Land Bank raises exemption threshold - The Martha s Vineyard Times

The Martha’s Vineyard Land Bank Commission unanimously approved increasing the threshold that exempts first-time homebuyers from having to pay the 2 percent transfer fee. The M exemption threshold is set by the Land Bank Commission annually in December. During a meeting Monday, commissioners approved raising the exemption from $595,000 to $715,000. It comes as the […]

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